Muganbank OJSC increases its chartered capital
Azerbaijan, Baku, May 8 / Trend /
The issue of 15,000 Muganbank ordinary registered undocumented shares with the face value of 200 manat and total volume of 3,000,000 manat with registration number AZ1001005466 has been accomplished.
After the placement of shares, the chartered capital of Muganbank OJSC has increased from 38.305 million manat to 41.305million manat.
Muganbank OJSC, one of the well-known participants of Azerbaijani financial-banking sector, has been functioning since 1992. The bank's 30 branches and 4 sub-branches across the Republic effectively serve customers with all types of banking products. Muganbank OJSC actively cooperates with international financial institutions, including the United States Agency for International Development (USAID), the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC) and the US-based WorldBusiness Capital, Inc. (WBC).